Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Short Interest Update

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 55,388 shares, a drop of 41.3% from the December 15th total of 94,353 shares. Based on an average daily volume of 70,377 shares, the short-interest ratio is currently 0.8 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 70,377 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Direxion Daily Dow Jones Internet Bull 3x Shares

Several hedge funds have recently modified their holdings of WEBL. Jane Street Group LLC purchased a new position in Direxion Daily Dow Jones Internet Bull 3x Shares in the 2nd quarter valued at $526,000. Two Sigma Securities LLC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter valued at about $396,000. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter worth about $324,000. Group One Trading LLC raised its holdings in Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% during the third quarter. Group One Trading LLC now owns 929 shares of the company’s stock worth $30,000 after purchasing an additional 647 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the third quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock valued at $37,000 after purchasing an additional 569 shares during the period.

Direxion Daily Dow Jones Internet Bull 3x Shares Stock Performance

Shares of NYSEARCA:WEBL opened at $25.63 on Friday. Direxion Daily Dow Jones Internet Bull 3x Shares has a one year low of $11.67 and a one year high of $35.24. The company has a 50-day simple moving average of $27.60 and a 200-day simple moving average of $30.00. The stock has a market capitalization of $107.65 million, a price-to-earnings ratio of 26.56 and a beta of 3.44.

About Direxion Daily Dow Jones Internet Bull 3x Shares

The Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x leveraged daily exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBL was launched on Nov 7, 2019 and is managed by Direxion.